Charles Schwab (NYSE:SCHW) Price Target Raised to $75.00

Charles Schwab (NYSE:SCHW) had its price target increased by equities research analysts at Barclays from $74.00 to $75.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target suggests a potential upside of 3.45% from the stock’s previous close.

A number of other research firms also recently weighed in on SCHW. Deutsche Bank Aktiengesellschaft upped their price target on Charles Schwab from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Citigroup raised their target price on Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. The Goldman Sachs Group reiterated a “neutral” rating and set a $71.00 price target (up from $70.00) on shares of Charles Schwab in a report on Wednesday, January 3rd. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, JMP Securities lifted their price target on Charles Schwab from $77.00 to $80.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $74.47.

Charles Schwab Trading Down 0.8 %

Shares of SCHW stock opened at $72.50 on Tuesday. The firm has a market capitalization of $128.76 billion, a P/E ratio of 30.33, a P/E/G ratio of 1.08 and a beta of 1.01. Charles Schwab has a twelve month low of $45.65 and a twelve month high of $73.88. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $68.17 and its 200 day simple moving average is $62.82.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The firm’s revenue for the quarter was down 18.9% compared to the same quarter last year. As a group, sell-side analysts predict that Charles Schwab will post 3.4 EPS for the current fiscal year.

Insider Activity

In related news, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $64.49, for a total transaction of $257,960.00. Following the completion of the sale, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the sale, the insider now owns 81,446 shares of the company’s stock, valued at $5,702,034.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $64.49, for a total value of $257,960.00. Following the sale, the chief financial officer now directly owns 37,611 shares of the company’s stock, valued at approximately $2,425,533.39. The disclosure for this sale can be found here. Over the last three months, insiders sold 216,584 shares of company stock worth $14,200,769. 6.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Charles Schwab

Hedge funds have recently added to or reduced their stakes in the company. Main Street Group LTD bought a new stake in shares of Charles Schwab in the 4th quarter valued at about $29,000. Sugarloaf Wealth Management LLC increased its holdings in Charles Schwab by 60.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares during the period. Frazier Financial Advisors LLC purchased a new position in Charles Schwab during the 4th quarter valued at about $30,000. Wetzel Investment Advisors Inc. purchased a new position in Charles Schwab during the 4th quarter valued at about $31,000. Finally, Hall Laurie J Trustee purchased a new position in Charles Schwab during the 4th quarter valued at about $34,000. Institutional investors own 84.38% of the company’s stock.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.